FRUGAL LANDLORD I do, too. Although my particular neighborhood forbids sports activities, kiddie pools over a few inches deep and fences for dogs, it is nice to see kids riding bikes and skateboarding on this 10 mph street, knowing they are safer here than in an apartment complex or even some stick-built neighborhoods.
No doubt. At least you have your own area in a mo bile home. With an apartment, it's like living with everyone on all sides of you. And if you own your mobile home, even though it goes down in value, you still will get money back when you sale as opposed to renting an apartment where you never will see that money again.
PROS: 1) more space at a much cheaper price (comparing with a regular home) 2) outdoor space (comparing with an apartment) 3) the amenities offered by a mobile home park (pool, gym, etc.) 4) mobile home park is private property (safe) 5) property taxes are lower on a mobile home (bc it's considered as personal property opposed to a traditional house) 6) it's movable (technically) 7) mobile home is as safe as a regular home (holds up great during windy weather/storms) CONS: 1) you pay a monthly rental space fee for the land (to the park management) 2) you have to get accepted into a mobile home park you want to buy a property at 3) no garage, still there is an off-street parking space (but some mobile homes do have garages) 4) the home is not going to appreciate in value 5) not every bank will loan you money for a mobile home; if they do end up giving you money the interest rate is slightly higher than it's for a regular home, also, you might need to put down at least 20% downpayment (for the 1st time home buyers there may be an exception) 6) there is a huge stigma attached to a mobile home living (like it's not cool to live in such house) but it seems like it's going away bc of a trend of living in a tiny house) CONCLUSION: a mobile home is safe, comfortable, and it looks like a great option for the 1st time home buyers
I own 11.3 acres no Trailer Park....its only 14x52 but was also $10.000 set up only thing I pay is land taxes power and internet bills All paid in CASH SO ALL THE benefits none of the drawbacks even have a 84x56 garage
Mobile/manufactured homes can actually gain value if you own the land it's attached to. Once set on a foundation it becomes "real" property, and you will also have the tax write off benefits.
I can’t stand the stigma against mobile homes. It makes no sense to me? I’m looking into getting one and it’s frustrating that every time it comes up so does “trailer trash”. But living on the 3rd floor of a tiny apartment is perfectly okay. I don’t get it. Lol
Family thought our buying a MH vs stix was bad until they saw it, then it was wow this is Huge , ceilings are tall, real toilets.....they were used to thier campground trailers and really hadn’t been in a MH. But to be honest - we passed on a few parks just because they “looked” like trailer trash - most probably weren’t just unable to upkeep....
@@gginnj They are way better than an apartment because they are very close in comparison to an actual house in a neighborhood (plus the no comparison with privacy). I'm on a double lot with a large play house, shed, and attached 1 car garage with 2 car lengthy driveway it's on a large amount of land with all grass. the only thing is now the rent has been rising fast every year.
I've heard so many say not to own a mobile home cause it goes down in value. But my thinking is, yes it does, but your not making anymore money off of a regular home when you are paying interest for 20-30 years. Even though a regular home may go up in those years, your still getting less than you paid for it after you paid 100k in interest. The only way you actually make money off of a stick built home is either you pay cash up front for it. Or you buy it and rent it out and make the money off the the rental income. Other than that I don't see the point of using a home as an investment. I'd rather put money into REAL investments like mutual funds instead of a mortgage. So that's why I have been looking at mobile homes and thinking that would be the way to go. Thanks for this great video.
@@donpazer yeah, you have to look at what the lot rent is getting you...what amenities are you paying for? Are they things you need? Such as, does it come with a pool, club house, workout room, etc and then you have to decide if you will use that stuff. Many years ago I was looking at two parks. One had a clubhouse and a pool. The other didn't have that, but was located on a spring fed lake. Since the lake doesn't need taking care of by the park, the rent was cheaper. Since I'd much rather hang out behind my house by the lake than swim in a pool, I put my house there. There were cheaper lots in the park that were not located on the lake, but I knew I would enjoy the lake, so I was willing to pay the extra cash for that spot. I wish I would have kept that spot. I miss the lake.
Check to see what the lot fees are for where the mobile home goes cause in Chicago its $886 a month and it goes up every year . if you have private land hopefully the property taxes are not high .also if your in a mobile home park the rules are anal just like a apt
Yes it's our only option as well. My husband and I found a great deal on a big piece of acreage that we just couldn't pass up. Unfortunately it is zoned for only a manufactured home, so we can't have a stick built home at all. I know how lucky we are to have found a beautiful place to start and raise a family but we had always envisioned ourselves in a regular stick built home, and since my husband is a contractor he could have done a lot of the work himself which had always been our plan. But I was truly amazed at how nice manufactured homes are now. When we were looking at the models once I was inside they seemed just as nice as my parents home which they just bought brand new about two years ago. And like she said in the video we will be able to get a much larger home for way less. So it helps to look on the bright side. And my husband is already thinking up ideas to customize the home inside and out once we are settled in. Maybe someday the zoning will change but I'm thankful we could at least put a home at all on the land.
A home is a home & ownership is a good step forward. Be proud of ownership! No shared walls, you decorate & paint it your way, you have some outdoor space and a community.
@Sweet Twisted Joy I have 3 kids and plan in buying a 3 bedroom mobile home but I plan to buy the land so I do not have to pay rent forever. I would buy the land and install the premade mobile home for under 200000 in southern California. That is a true bargain that I do not plan to let go.
Hello David congratulations. Me and husband is looking for house to buy but where we live houses are too expensive and we don't want to stuck for mortgage whole our life. Can I ask you some questions which manufacture company you purchased from? Did you guys go with financing if than which bank? And how much they ask you to do downpayment?
Dont buy M/H in parks nor in any community with HOA fees. The park's land will never be yours and the fees in both are like diamonds - forever. Also dont buy too high. Think about your spouse and mortgage. If your spouse leaves you, a low M/H mortgage is very affordable. Buy away from tornado or hurricane areas (35 miles away off shore is good) . I bought a double wide back in 1999, measuring 62' x 28' = 1,736 square feet. The frame is built with 2x4s, and is anchored to the ground with steel straps. Have 3beds 2 baths, family and living room, large kitchen (size 20'x14'), appliances, water heater and A/C included all for $48K. Recently put new shingles, replaced few boards and insurance paid about 90% due to wind damage. I have 1.2 acre, lot included septic tank, drainage bed and well pump with water-tank for $20K. I hired an electrician to install an electric pole to bring cables near to house and lay electricity to septic pump and A/C for about $4K. Property is now paid off. I'm saving county sewage and water expenses, yearly property taxes less than $600, just 1% of county taxable value. I hire pump service to clean septic tank every 10 or 12 years due to no more than 3 people in house. I would buy a new M/H, if this one ever is destroyed - those that are now built with 2x6s walls and roof deck (the panels on your roof, plus the framing holding them) are stronger. Mine still in great condition and now that the area is booming, wouldn't sale. I drove about 1-hr to work, back and forth. Retired now. Recommend driving to work, buying away from big city where crime may get high and tough and an area prone to increase in value and where property taxes are very low going forward. After 10 years I now have a Super Walmart, Home Depot, Lowes, Walgreens, CVS, a Hospital, a Highway, lots of fast foods, expanded roads to everywhere I need to go, etc. Hope this helps.
I own land out in the country, and I'm considering one. The houses here are very expensive and very unattractive inside even needing fixing. So I'm considering a double wide.
I am a manufactured home owner and am very pro manufactured homes. For me, I prefer not being in a mobile home park. I am thankful and grateful to have a 2/3 acre piece of property I own outright which my manufactured home sits upon. My property taxes are significantly lower than the stick-built homes in my neighborhood, but I agree with you that there is a stigma attached to mobile home living. I don't care because my retirement funds go so much further than they would've if I'd stayed in my stick-built home and I just feel it was a common sense move for me to make.
You said you have a piece of land. What state are you located in? And How much did your land and mobile home set up cost you? And did you pay set up fees out of pocket or is it included in your loan?
@@Boogie1197 Hi Quinton. You have asked some excellent questions. I am in WA state and the entire cost for the land and mobile home was $135K in 2017. I could've got a mobile home on more land for less than 100K if I'd been willing to settle for an area that is still nice, but not as exclusive as the one I chose as I wanted beach access. The mobile home was already set up on the parcel of land I chose. I am unable to answer your question about the setup fees being included in a loan because I paid cash for this property with the mobile home already on it from the sale of a stick-built home I owned previously.
@@angeljosephs30 Hi Angela, the manufacturer of my mobile home is Bendix Corp out of Mcminnville, OR. My understanding is that they haven't been in business since the 1980's, which is a shame as I feel my home is well built.
Hello DeerHaven me and my husband planning to buy mobile home, where we live house are too expensive to buy. My just concern is should we park our mobile home in park or buy land and stay there? And if I buy land how we workout with water, bathroom plumbing, electricity?
The positives of a mobil home is the speed at which it can be brought to the site and set up and ready to live in. Also you can get more floor space per dollar then with most conventional homes. The bad is that even today, most mobil homes are NOT built as well as most site built homes. 24" on center inner wall studs and thinner sheetrock are a couple common things with mobil homes. Also, they tend to use lower quality things like flooring and plumbing fixtures. I paid an extra $10,000 to get upgraded windows, insulation and doors as well as a few other things. Makes a HUGE difference on my utility bills. Where my friend who owns a similar sized home without the insulation and window package needs a 5 ton AC to barely keep it comfortable, I have a 3.5 ton unit and it runs for a while then shuts off for a while as opposed to running non stop like my friend's home, which is actually a couple years newer then mine. As for taxes, yep. Even on your own lot and with the home considered being combined with the land on the deed, the taxes are still a good deal lower. In Florida this means the mobil home no longer has a title, but is part of the lot it is now on and the deed and such shows the lot as a lot with a house on it and you are taxes as regular real estate but at a much lower rate. As for where you put it. I would NEVER EVER buy a home and have it put in a park where you do not own the land it sits on. It would be better to just buy a lot in some subdivision that allows manufactured homes and be done with it. I had to refinance my home because the original loan was a simple interest loan from a crooked bank and I was able to get a real nice 3% loan from a credit union because they had the home incorporated with the lot and it was financed as a real property as opposed to personal property like a car. This made a huge difference. My payments went up $22.00 but the pay off time went down by 12 years. So the interest I would have owed would have been close to $50,000 on the old loan where as with the refinance, the total interest payments are around $12,000 for the whole loan. If I had this home in a park and did not own the land the refinance would never have happened. Oh, the mobil home's original loan with that 'loan shark' bank was at 7.99%. Now it is 3%. BIG difference....
Thank you, appreciate your insights. I just bought into a park in eastern Ontario, Canada meant for seniors and we too were vetted before getting a site. We’re downsizing from a house. I can tell you in our area mobile homes are very popular and we were delighted to get into this well managed site. There is a problem: manufactured housing is so popular now that we can’t get one for another six months! I’m not worried about any stigma either, mobile/manufactured housing is the way to go for many more people these days.
YOU ARE AWESOME! I believe everything happens for a reason, and that was how I found this video. I also live in California and want to stay in our area instead of moving 50-70 miles away to what we can afford. My Mom is looking into purchasing a mobile and I was intrigued after she showed me her listings. I am seriously so interested in mobile homes now and hopefully we can get one too. Thank God for those stigmas in the end tho right? Thanks for this video it was so informative as I too am doing the research.
There are places in California where manufactured housing in a mobile park appreciate in value. Park living can be a great option, depending on your circumstances. In Texas, parks tend to be extremely pricey for the nice ones, or extremely run down for the affordable ones. Lot rent has to be factored in. You can get more home for your money if you already own the land it’s going on, but that usually means rural living. That’s the route I am going to take.
I have 1acre of land looking at this option of putting an high end double wide on it. To do a new stick build home that is small would be looking at 220 to 240k in PA plus a new stick build would be high taxes. Just do not want all that debt.
My in-laws had a double wide in Nevada City, CA. that they built onto. They lived on a hill so they added on below and above, turning it into a 2 story w/a basement.
For my boyfriend's mobile home, a big con was that his family had to change how their mobile home looked like on the outside on really short notice. By changing the outside I don't mean the lawn I mean they had to remodel the whole exterior within three months time or be evicted. They managed to do it but it cost them a LOT. Do your research and ask lots of questions before settling on a park
what does change how it looked on the outside mean? the only thing I can think of is that it had no upkeep, and now the skirting needed to be fixed, maybe it was never tied down and now requires tie downs? DIY decks needed to be changed to actually structurally safe? or it had the "trailer park" image and not a "mobile home" image. Or it was none of those things and that is something I would like to know if it could happen to me.
@@gginnj usually if you are buying a pre-owned home located in a park, you are going to know all that up front before you sign the papers. You will go to the park office to get accepted before the sale is finalized. The park will tell you their expectations before approval. I'll have to agree, there was probably some upkeep issues the park expected. If the park doesn't point this out in the contract, it behooves you to read each section. Most parks won't skip over it because they want you to do the upkeep. It makes the park more desirable to live in. The park could also limit the number of people that can occupy the home or how many visitors you may be able to have.
Very informative my wife and I are in the process of buying a manufactured home and so far we find that it is very true concerning financing and Community Park locations we find theseto be our greatest challenge but we are determined to continue in our quest to see this thru because we appreciate the advantages of manufactured home living thanks for your encouraging words.
I keep contemplating either getting a condo or a mobile home in the future but after watching your video I think a mobile home fits me better. I'm single not married but Im still in college. Im thinking in the next couple years after I graduate and I start working I might get a mobile home. I like that they are seperate unlike with a condo or apartment you might hear the neighbours through the walls. Also I heard that many condos you can't have pets or grow a garden and I have a pet rabbit so I would need a place that allows pets.
Thank you so much for the personal experience information and the good breakdown of pros and cons of mobile home living. It eases the stress of thinking of even considering a Mobile home. Thank you again for making this video.
I am so happy we finally have a home of our own while it is a mobile home we are happier than we’ve ever been we have a big backyard and we do pay the space rent of course but we have the biggest slut on the block and we get to see the donkeys from our backyard it’s peaceful we feel so privileged to finally have our own home take care and I hope everybody else gets a chance to have a home also
I recommend you all watch "dave Ramsey's view on mobile homes", he is a financial consultant and makes some severely important observations to complement this girl's observations, which I also appreciate, by the way.
Louis Lipp I also follow Dave Ramsey and live debt free aside from our home. We have decided to go this route in order to stay in California and live off of one income while I am a stay at home mother for a short period of time. Totally worth it in our opinion.
@@angeliquepurdy4256 that's fantastic. I know there are always peculiarities that make it worth while, even if it is as simple as "because I like it more" (which would be my personal case, I hope someday to buy an airstream and live in it for a period). I just wanted to present other points of view. I'm glad it's working for you.
Correction.. its lady.. anyways. Mr. Ramsey is awesome but some of the things he says, or even opinions, are not very realistic. Don't remember where if you watched one of his videos saying to sell an old broken Honda Pilot for about $5k (if I remember the price correctly) like the resale value of that thing isnt close as to a Tacoma or 4Runner, and adviced the caller to sell a broken vehicle for 5k?? How about go watch Scotty Kilmer on that lol I love Mr. Ramsey though, he truly cares about peoples problems, just don't agree with some of the things he says.
Yes, I know Dave Ramsey's take on mobile homes. He's not a fan of them. But that being said, I still am thinking about a mobile home. With my income, a regular house is not realistic. Mobile homes are better for lower income people. It's better than renting an apartment. At least when you sell your mobile home you'll get some money back.
Hi, Mobile home parks screen people to try and keep undesirables out. It is definitely not a con, unless your lifestyle is considered a negative. Ie. drug user, criminal history ,child molester, eviction, poor credit, they definitely want to be sure you'll pay your rent on time. etc. I certainly wouldn't want a neighbor like that. I've been living in my mobile home since 2002. Iam in southern California also, its paid off now and I'm Very happy with it, and agree with you about having all the nice amenities. Pool, spa. Etc. You own your own roof and walls, and have value. Apartments give no return on your money should you decide to move. Now you have something to sell .Enjoy your new home!
Steve Franklin Hi Steve! I am very grateful that our park does have such a strict screening process. I am only considering it a con since it is an extra process you wouldn’t need to go through when purchasing other types of property. Thank you for the comment and congratulations on paying off your home!
@@angeliquepurdy4256 I agree . The screening can be tough here in Chicago its tight .. I understand to keep the bad people out but if your little short on income or bad credit your basically screwed .. I think they should lighten that up but the criminal background I do understand that
Steve, could you tell me what the rules are like for pets? I am senior who is facing separation and looking into a MH just so I can keep my pets. I live in MO, and have a small dog, 3 inside cats, and some little pets in cages. Is that considered a problem in a MH for the owners of the property? My credit is good, and I have no criminal record. I am a clean, good, grandma. There would be no other issues, I don't think.
Steve Franklin, Steve, the problem is whatever you paid, you will not get it back. How much is your park rent a month? My sister lives in a trailer park in New Hampshire and it is 55+. It is nice because the homes are not side by side. They go different ways and there are no drug dealers in there, but many of the homes are not in the best shape either. We are trying to talk my sister into going into the elderly. Park rent is $435.00 a month. Wasted money unless you own your own land.
Buying a mobile home in a good park is the best way to go. The money you save is the money you don’t have to earn. I got my home brand new, moved into a new park, got a dubbe wide in a dubble wide onely park when the interest rates were low. Very strict rules but that keeps the rif/raf out. I’ve done the math and I’ve saved over $ 200,000 in the 30 years I’ve lived here. I’ve had hard times but I was able to cover all my expenses with unimployment money. While others lost their homes. Those I might add looked down there nose at me for livening in a “trailer park” . How hard do you have to work to earn $200,000.
I’m in Connecticut so the mobile homes park options are few & most if not all of them are notorious for illegal activity & being rundown. However I think with our states insane high cost of living & soul crushing taxing mobile home parks are becoming the only option left for low income individuals or people fresh out of college. There is a park near me selling rundown mobile homes for 1k each & I’m seeing investors buying, renovating & selling them for around 25-30k. Hopefully the new people moving in are able to turn it around & make it a safe place to live.
Jameson Jones hopefully! We are seeing lots of flips here as well or complete pull outs and replacements. The neighborhood is slowly getting younger and younger. Things are changing for sure.
Jameson Jones, The problem with parks is the park rent. Not worth the park rent, and they don't hold any value. The older models are poorly insulated and heat in the winter time is just wasted, not to mention you freeze your nuts off.
I bought a 1979 mobile home a few years ago for $10,500 cash. If I had it to do over again I would buy a newer model. The newer ones are built better. I knew nothing about mobile homes. I did not realize that the leaks in my outer doors were actually roof leaks which were rotting my insulation throughout. My electric bills, as a result, are astronomical in summer. I would have had a fence put in years ago, because a new owner bought our park and forbids new fences, but does not require that old cyclone fencing be taken down. Another drawback is that I pay nearly twice as much lot rent now as I did eight years ago. I’m on a fixed retirement income, so there is a lot of difference between $160 monthly and $287 monthly. That makes contemplating the future a bit scary for a 70 yo lady. New owners mean new rules - tighter restrictions, new fines, etc. our new owners forbid sports of all types from badminton to basketball. Neighborhood kids are no longer allowed to sell Girl Scout cookies or school fundraising items here. What would seem outwardly like a great place to raise kids - very little and very slow traffic on the street - might be a bit restrictive for kids.
Nancy Clay thanks for sharing your experience. Our neighborhood is actually a great place for kids. We are seeing more and more families with children move in. We also have an HOA which has been great in working with Park management on behalf of the owners.
Thanks for this video. Your testimony is my confirmation that a MobileHome will be my next home of choice!! When buying, is there any specific builder or brand you should steerl from?
Thank you for this video. Your voice is soothing and calming I appreciate that plus you explain this information super clear. Would iit be possible to buy this option and rent it out?
So how do you like it now 1 year later? My husband and I are considering buying a new mobile home. I’d much rather live in a simple affordable home and the new designs are so nice! My dad also has lived in a used mobile home for 10 years and is happy with it.
What if the land rent was increased to some ridiculous amount? You'd have to pay thousands of dollars to move your mobile home and the home could get damaged in the move. Right?
Gera WallStar Hi Gera! My best advice was to make sure you have great credit! Focus on building up and maintaining a high score while you are saving up for a down payment. I filmed a video a few years ago on how to start saving. I plan on doing another one sharing our financial journey. The key is making a budget and sticking to it. You’ve got to be disciplined.
Hello Angelique! Thank you for your video, I am curious about so much more. What area in California did you buy if you don’t mind sharing? I am looking into so cal maybe Huntington Beach. What tips do you have for doing research on buying?
Giselle O. Hi Giselle! I’m not comfortable sharing what area we live in. I’m going to make a video sharing my tips for research and buying a mobile home!
I just started doing research for mobile homes. Any tips or knowledge is super appreciated. My question is: How much is everyone's rental space fee? Or what is appropriate? In my area it's $940. I find that too high. But its secluded and somewhat small. Down the street another park is $800.
Hi 🙂, How long did it take for your home to be ready after you ordered it? I've read reviews of people saying they were told about 4 months and it turned into almost a year. I know each company is different but I was just wondering basically how smooth the process was after you actually purchased it or if there were any issues that could possibly arise. For example, was it put together well or have you had to get anything fixed? Also do they come with any warranties? Thank you!
Stephie C hello! We bought a previous lived in home that was already on the rental space. Unfortunately, I don’t have experience buying a brand new mobile home.
You look young now my question is the neighbors what are the ages of the neighbors? and do they live their 12 months of the year? only because snow birds tend to live there say November till April and leave then they rent the house out the rest of the year in other words does all people there own their homes? which is great cause owners tend to be friendly, respectful, and they don’t trash the place well most seem to do I think I covered my question thanks
I own s mobile home that I bought in 2011. It’s located in a park, which is thankfully a really nice park; in fact, it’s considered to be the nicest m/h park in our area, and there is a waiting list of people that want to live here. Since the homes must be owner occupied, it is extremely easy to sell your home. I was extremely fortunate when I bought my home because the owner had passed away and her family were more than anxious to sell it and be done with dealing with it. At that time I had just basically retired, even though I was 53, and I didn’t want a stick built home or any land that I would need to maintain, so living in a park was just right for me. And since I own my home outright, I have no mortgage payment; I pay my lot rent which includes water, sewer and garbage, so $290/month is pretty cheap living! The park owner is a great guy and keeps the rent as low as he can since this is a 55 & over park, and most of the tenants are on Social Security or some other type of a fixed income. So, the point to all this is that buying a mobile home really depends on where you’re at in your life. I am at a point where I wanted the security of owning a home that was all mine, and where I didn’t have a mortgage. I like living here in this beautiful park, and like the security of neighbors who look out for each other (which is sometimes considered nosey!! Lol). Since homes in this park are in such high demand, every improvement I make only increases the value of my home. Which is obviously true for any home, but hopefully you get my point! Another thing to keep in mind about buying a mobile is that the materials used are often lesser quality (at least for the older ones like mine). Since my home is a 1981, I am dealing with a basically 40 year old house, and some things were wearing out. I had a few pipe leaks & breaks the first couple years, and finally had hire a plumber to come in and replace all the water lines. It was expensive, but I had to do it. When you own a mobile home, water is not your friend!! If I could give mobile home owners only one piece of advice, it would be to HAVE INSURANCE. The ONE water pipe that did not get replaced was the one (actually 2) that runs up to the cold water handle in the bathtub. It leaked undetected for a long time and finally cracked bad enough that I had a major leak that resulted in replacing the flooring in my bathroom, dining room and kitchen. Thank God I have insurance or I don’t know what I would have done! So.....all this to say, depending on where you are in your life, a mobile home can be a wonderful option. I love my home, and I love making improvements to it! I am perfectly content to be here and that this is my forever home.
Wendy Mathews, You are lucky to only be paying $290.00 a month. Most place are triple that. You also have no mortgage which is a plus. Many people say don't invest to much money into a mobile home because you won't get it back.
Paige Brown we could technically take the home with us if we wanted or needed to. We own it. We are on a lease with the land owners so if for some reason at the end of our lease term we wanted to take our home and go, we would have every right to do that. The purchase of our home was contingent on us passing the park management screening and allowing us to reside there but the park has no rights to our home. Only the land that our home currently sits on.
I had a mobile home that was in a park. Then I bought land and put the mobile home on the land both on a garage and an additional room onto the mobile Home.. I now live in a brick house that I have gotten paid for I bought my house for $62000 is now worth $234000. The only way the mobile home made money. What's the land one up but the mobile home the dot? Let me know in 5 years Hey your home looks then they will start falling apart. They are not made with the best material but like you froze it with something better than freezing in the house that we were in is survivors for the time being. But I'm glad we have our sticks and bricks and it's paid for enjoy your mobile living.
I had a ton of question did not know to leave or email .. I am in Southern Cali and been thinking of going this way of a mobile home. But I have heard horror stories about the Parks raise the HOA to a level where you have to just pack up and leave the home there and go . Or you get a price for the HOA and its only good for 5 years or so. Happened to someone I know but he was able to sell the home and have it moved away in time which kind of Shocked the property owner. Plus the lots are own by more than one owner so things can change .. I just want a forever cheap home for Myself and Los Angeles is too high. Maybe even thinking would have to leave CA .. dont know .. any advice would be great ..thanks
Hello, I have a question. Is space rent very high. Is space rent very high.? My real estate agent told me that space rent is about $1,200 plus the mobile home mortgage. So basically it would be equal to buying a house.
Condo is a no-go! Unless people want to deal with the condo association who will tell you what do you can paint your house how you need to keep your yard whether or not you can have a garden and on and on and on yeah. I am 56 years old disabled and about to sell my family stick-built home that I grew up in. It has an upstairs which would never be used and I just can't maintain an 8 room house with a gigantic half acre backyard big side yards and a good-sized front yard. My modular home mobile home isn't really used anymore. The home that I purchase will be the last place I will live and it will also give me the money to travel again. I have lived in eight countries on all but two continents north pole and the South Pole the Arctic and Antarctica. I want to travel back to some of those places and if I kept the stick-built home or purchase another stick-built home I wouldn't be able to do that. Once the tongue and hitch are removed from a quote mobile home it is then no longer personal property but it is real estate. Mobile homes can be safer and more well-built than a stick-built house. Because it is smaller they can put more into the building of it. The one thing I recommend is if that what you are looking at is new and has 24in joists under the floors I would pay the money and have them done at 16 and then the floor will never sag. I will purchase without a mortgage or loan and the taxes lot rent and utilities would come to approximately $500 per month.
I live in a Mobile Home , and is purchasing my home, only thing I don't like is the Lot# Fee,, they charge just as much as my mortgage payment on my mobile home so now I need to be shopping for my own personal land just 1/2 acre would do just fine,,,,, I am in Fort Worth Texas do anyone know of anybody selling land....
Angelique, I enjoyed your video and it actually made me cry with hope. I am a 64 year old grandma, facing a probable legal separation. I have been married since I was 19, never lived alone, and I am frightened. I live in MO and will get half of his retirement money and pension. I would have to keep expenses low. I am on disability, and I am not sure I can work, because of an injury and pain, but I am willing to try. Since I have pets, I was thinking about a mobile home; I doubt an apartment would let me in. I have rescued these animals and will not give them up. I have a very small dog, 3 indoor cats, a ferret, and 4 guinea pigs. The ferret and pigs are in cages, of course. I think I would buy the home outright, so I would only have pad rental. Are there strict rules on the pets you can bring into a park? I do not care about the stigma, or amenities such as a pool. I have 4 grown children that have amenities I can enjoy. I keep a clean house and would like to live in a nice park where I feel safe, and I am sure the prices are cheaper here in MO than in Calif. I need a bit of space, for my sewing and crafting, but I do not need a big space. My main concern is keeping my dear pets. Can you shed any light on this for me? I thank you so much for your video. You are lovely, and your home, behind you, looks lovely. Any advice is appreciated.
The park where I live allows 1 smallish dog. Cats weren't on the lease, but we have one inside/outside cat and a small dog. Some of the parks here doesn't mention animals and people have dogs of all sizes. The ferrets and pigs doesn't matter since they are inside all the time, but I would ask to be on the safe side.
petmom ful each park is going to have its own rules/regulations. I know our park allows dogs and cats with weight limits. I can’t imagine indoor pets that no one would ever see or know about being a problem. But again, each park/management company will have their own policies. Best of luck to you!
I’m looking into mobile homes, and am so looking for numbers! How much are rental fees? I can’t seem to find a round about for that! I do know that mobile homes are much cheaper than stick built homes, so I know the loan would be much cheaper than a regular mortgage, but I don’t know about how much the rental fees to put your home on, would be! Would your monthly rental and the trailer payment round out to be the same cost of a mortgage and property tax?
Meli Ssa it all depends on where you live! It’s impossible to give numbers that are going to apply to each and every area. You need to run your own numbers based on the information that you find. I did this by looking at a lot of listings in the area and specifically looking at the rental space fees. Mortgagecalculator.org is a great resource in order to get an estimate on how much a mortgage would be based on home price, down payment, and interest rate. From there, you can add on a rental fee, depending on an average that you see in your area. Hope that helps!
I know this is a stupid question but what do you do if the air conditioning breaks? I knew someone who owned a mobile home and their AC broke and they couldn’t afford to fix it so they had to move out.
Kim Unstoppable we actually don’t have an A/C. Most places, including schools and other types of homes do not have air conditioners either. We do have an emergency fund though, and are financially able to take care of issues like that that may arise.
Hi Angelique, I can't believe all I can find on TY. The idea of considering buying a MH just came to my mind n when I noticed how inexpensive it was compare to renting I really got excited. Can I ask u where in Calif do u live in. I live in Souther Calif. in Glendora. Also would you kindly do another tour of how ur place looks now? Thank you for all the info, may God bless you.
Guadalupe Lopez hi Guadalupe! I live in Southern California as well but I’m not comfortable sharing exactly which city on such a public platform. In the future, I will be giving another tour now that we are living here and all settled! Thanks for the request!
@@angeliquepurdy4256 Thank you. I've been looking for MH family parks here but no luck finding ones, they're mainly for seniors. 🙄 I really like my neighborhood n would want to go too far, since I work close by. I'll be looking out for ur tours, thanks again. 😊
Does your park have rental units? We are looking at places similar to yours in”desirable areas” for retirement so may not want to buy another home all over again.
So, for example, if you pay a property fee and a fee for the mobile home it ends up being the same as a house anyway? Just curious. I'm 24 and ready to buy a house and I'm looking into either or. Lol
juan Ramires it all depends on where you are looking to buy and the cost of living there. Just do your research and number crunching. For us, it is cheaper to pay our mortgage and land rental than it is to even rent a place of this size.
But for a regular house you would pay way higher mortgage + HOA+ master association fees and clubhouse fee if a club is there. So bottom line is, and this is what is discussed here, the cost of a mobile home versus a stick built home. Mobile is waaaaaay cheaper
I didnt know, at least in NY, you can't just buy land and throw a mobile home on it. I understand it has to do with acceptable zoning? The idea of paying a high rental space fee really deters me from getting one. Its almost as much as rent in my area
no not always. we live in a 1275sq ft home with 7k in taxes - we are buying a mobile home with about 1250sq ft with 600/month lot fee x 12 = 7,200 which includes sewer and water - which in our current home is about 1500.00 so the 7,200 would be equiv 5,700 - granted we dont own the land still so there is that - but for us - it was cheaper than our current real estate taxes. (yes, we live in a county with HIGH real estate taxes - but they also offer many services if you need to take advantage of them)
Planning to sell my L.A., CA home to a developer. Looking to buy another home, & recently discovered beautiful “mobile homes” in Orange County, near the ocean. Affordable but nearly $3,000 per/mo land lease fees, which is out of the question. Is it possible to buy the land as well?
Debbie M if it is park owned, likely no. I have heard of home owners coming together and collectively buying the land. Another option is buying your own property and putting a mobile home on it.
Thanks so much for responding, Angelique. Are you concerned about your home depreciating, which I’ve heard is their tendency, in comparison to a traditional house increasing in value over time?
My wife and I are in a similar situation as yourself. We want to stay in a nice area but can't afford to buy or rent a house and we're kind of tired of apartments. I just wanted to know how the renting situation works for the space of the home?
Sunday Funday it’s a pretty standard renting situation. We signed a lease with the property management company and pay them every month. Let me know if there is anything you’d like to know specifically!
Cons the amount of air leakage is insane. There isn’t even a blower door test required. If you live in mobile home just know your energy consumption will be very high. We used to spend 400 in electric a month so that plus the home and park cost more per month than my site built home. I will never go back to giving 400-500 a month to the electric company
Mobile homes are a great option. But not if you think its going to go up in price . No equity. You most likely won't get much out of selling so along as you plan on keeping its great. Thats why I'm buying one. 300k In sanjose ca. Ya I know. Damm silicon valley
One year later do you still love it as much as when you first got it? Can u tell if the space rent has gone up for you and are utility bills are reasonable? I’m in the process of buying one myself but haven’t been able to find any info on that.. I love your home it looked almost brand new! Thanks for the reply
Hello I have a question well a few. My husband and I are wanting to buy a mobile home. I ask a real estate agent what I might need, she advising me that I might need 30% in cash down to start???
Maria Jacobo what I have learned through my research is that for a mobile home 20% is standard. If you are looking to finance an older mobile home then a larger deposit may be required from your lender. I have heard the number 30% for older mobile homes.
I'm glad I found you! We have been married 39 years, about 35 of them living in mobile homes. We have lived in a stick built, but we didn't care for living in it.
@@petmomful2260 Hmm, I guess because it is cheaper to live. We have bought 3 used mobile homes for cash, so no loan. Our first was on my dads land, so no monthly lot rent. The other 2 have been in nice mobile home parks with cheap lot rent which includes (in our area) water, sewer and trash. We pay electric which is lower than stick built since you aren't heating and cooling large unused spaces and cable. We have always been in single wides and don't think I would like a double wide. Its faster to clean and you don't have a lot of excess knick knacks and decor. You can make a mobile home look and feel like a stick built. The park we are in now is a small 13 unit park with some very strict living rules, but if you are normal good people, they aren't strict if you know what I mean. If anyone causes problems, they are out in a hurry. Mobile homes go hurling down a highway at 70-80 mph for extended periods, so they are pretty solid. If you don't require huge rooms and lots of them, a mobile works great.
Pammie Sue our original loan was 25 years. We are refinancing to a 20 yr which will save us a bunch of money in the long run. I’m sure it depends on which lender you go with and what they have to offer. Shop around
Hi, if you owned a piece of land,would you live in a mobile home or would you rather build a traditional house? I live in Europe. In my country there are no trailer/mobile home parks. I don't have to rent land, and building a house would cost me 50k-100k. And a mobile house (there are only single wide ones available in my country) costs about 20k.(like the highest price we have here) Anyway, I want to buy an old and used one, fix it up and make it winterproof. (our winters are 18-23F) What do you think? Is it a stupid idea, or could it work? I have no family, live with my parents at the moment(used to live with my ex). Want to move out asap (I'm 29).
Rugi Malina I think buying a mobile home is a great idea for you! In time, maybe you will have enough money to build the home of your dreams. You could do some really cool things when fixing up an old mobile home to your liking! Good luck!
Rugi Malina, It depends on where your land is. If you own land somewhere does not mean you can buy a mobile home and place it on the land. The land has to be zoned for mobile homes, and some people who own stick built homes would die if you put a mobile home on land where regular homes are. Good luck with that fight.
I love your video... the only thing is I wanted you to crunch some numbers and give us viewers a real life month to month expense. So I can know what to look for when I buy a mobile home. I still liked your vid!
She talks about everything but the most important stuff.. How much was the mobile home? How big is it? How much land fee you pay monthly? We need to know the numbers
It really depends on where you want to live. I live on Long Island NY where rent is CRAZY & buying/renting a house for a young person is also crazy! Hate to tell you but most mobile home parks/villages don’t allow renters here I bought a 1970’s single wide for $35,000. I have a small yard (which was a must for me) As I am retired, I have the time to do repairs-which you being young probably don’t have. I probably have skills/ tools that you probably do not have. Do your research before committing as rent goes up every year. Mine here is $770 lot rental that includes water & garbage & cesspool draining. That is great for NY!!! I do live in fear as most homes here are older like mine & I’ve heard true stories of mobile home parks being shut down by municipalities that claim the land due to intermittent domain causing these MH owners to leave. If your area has a well maintained park & the MH is not too dated I’d say go for it! If it wasn’t for my MH, I wouldn’t be able to live in NY as well as I do now Good luck to you!
Thanks much! Can you elaborate on property vs real estate costs? In Ohio we pay 1.67% RE tax and personal property tax for mfg homes is about 5-6% (I think)
You'd have to check with Ohio, county, or city boards to find out what a charge, if any, would be. Some states don't charge a personal property tax for a mobile home when it's in a community. They collect real estate tax and fees from the community that you pay in your lot rent. So, if s fee goes up (such as a levy for schools) your lot rent could increase. However, this isn't true in all states.
I live in California as well and moving into one of these manufactured homes do they allow you to bring storage pods in to unload your items or do they have strict rules about that
I am also living in California with my SO and our two year old. looking to buy a mobile home we are located in Montclair and I would like to stay here or near Rancho any other advice you can give will be greatly appreciated
Everyone’s situation is different, but I think a mobile home is much better than an apartment.
Especially on an acre or 3 , absolutely
FRUGAL LANDLORD I do, too. Although my particular neighborhood forbids sports activities, kiddie pools over a few inches deep and fences for dogs, it is nice to see kids riding bikes and skateboarding on this 10 mph street, knowing they are safer here than in an apartment complex or even some stick-built neighborhoods.
No doubt. At least you have your own area in a mo bile home. With an apartment, it's like living with everyone on all sides of you. And if you own your mobile home, even though it goes down in value, you still will get money back when you sale as opposed to renting an apartment where you never will see that money again.
Vickie Clark I never thought of it that way, but you are so right!
i guess it is kinda off topic but do anyone know a good site to stream new movies online?
PROS:
1) more space at a much cheaper price (comparing with a regular home)
2) outdoor space (comparing with an apartment)
3) the amenities offered by a mobile home park (pool, gym, etc.)
4) mobile home park is private property (safe)
5) property taxes are lower on a mobile home (bc it's considered as personal property opposed to a traditional house)
6) it's movable (technically)
7) mobile home is as safe as a regular home (holds up great during windy weather/storms)
CONS:
1) you pay a monthly rental space fee for the land (to the park management)
2) you have to get accepted into a mobile home park you want to buy a property at
3) no garage, still there is an off-street parking space (but some mobile homes do have garages)
4) the home is not going to appreciate in value
5) not every bank will loan you money for a mobile home; if they do end up giving you money the interest rate is slightly higher than it's for a regular home, also, you might need to put down at least 20% downpayment (for the 1st time home buyers there may be an exception)
6) there is a huge stigma attached to a mobile home living (like it's not cool to live in such house) but it seems like it's going away bc of a trend of living in a tiny house)
CONCLUSION:
a mobile home is safe, comfortable, and it looks like a great option for the 1st time home buyers
I own 11.3 acres no Trailer Park....its only 14x52 but was also $10.000 set up only thing I pay is land taxes power and internet bills All paid in CASH SO ALL THE benefits none of the drawbacks even have a 84x56 garage
A mobile home on it's own property turned out to be a great option for me also as a retired person.
john mine wow can you tell me more about how you managed to buy all that and get it set up ? Thxs
Mobile/manufactured homes can actually gain value if you own the land it's attached to. Once set on a foundation it becomes "real" property, and you will also have the tax write off benefits.
Thank you!! Was searching the comments for this list :)
I can’t stand the stigma against mobile homes. It makes no sense to me? I’m looking into getting one and it’s frustrating that every time it comes up so does “trailer trash”. But living on the 3rd floor of a tiny apartment is perfectly okay. I don’t get it. Lol
Family thought our buying a MH vs stix was bad until they saw it, then it was wow this is Huge , ceilings are tall, real toilets.....they were used to thier campground trailers and really hadn’t been in a MH. But to be honest - we passed on a few parks just because they “looked” like trailer trash - most probably weren’t just unable to upkeep....
Exactly!
@@gginnj They are way better than an apartment because they are very close in comparison to an actual house in a neighborhood (plus the no comparison with privacy). I'm on a double lot with a large play house, shed, and attached 1 car garage with 2 car lengthy driveway it's on a large amount of land with all grass. the only thing is now the rent has been rising fast every year.
I've heard so many say not to own a mobile home cause it goes down in value. But my thinking is, yes it does, but your not making anymore money off of a regular home when you are paying interest for 20-30 years. Even though a regular home may go up in those years, your still getting less than you paid for it after you paid 100k in interest. The only way you actually make money off of a stick built home is either you pay cash up front for it. Or you buy it and rent it out and make the money off the the rental income. Other than that I don't see the point of using a home as an investment. I'd rather put money into REAL investments like mutual funds instead of a mortgage. So that's why I have been looking at mobile homes and thinking that would be the way to go. Thanks for this great video.
I really want one because they are so cheap. The houses are so expensive where I am. Thank You for video!
sadie auguster there might be more options for you than you think. what state are you located in?
@@ManufacturedHousingExpert hello, sorry i am not sadie but i live in iowa.
Be careful though. The PRICE of the home might be cheap, but watch out for the lot fees. In many places they can be over $700 per month.
@@donpazer yeah, you have to look at what the lot rent is getting you...what amenities are you paying for? Are they things you need? Such as, does it come with a pool, club house, workout room, etc and then you have to decide if you will use that stuff.
Many years ago I was looking at two parks. One had a clubhouse and a pool. The other didn't have that, but was located on a spring fed lake. Since the lake doesn't need taking care of by the park, the rent was cheaper. Since I'd much rather hang out behind my house by the lake than swim in a pool, I put my house there. There were cheaper lots in the park that were not located on the lake, but I knew I would enjoy the lake, so I was willing to pay the extra cash for that spot.
I wish I would have kept that spot. I miss the lake.
I can only afford a mobile home. So cons don’t matter on my end. I wish I had the option.
Check to see what the lot fees are for where the mobile home goes cause in Chicago its $886 a month and it goes up every year . if you have private land hopefully the property taxes are not high .also if your in a mobile home park the rules are anal just like a apt
Maybe at some point you will have other options. For now, do what you can and stay positive!
Yes it's our only option as well. My husband and I found a great deal on a big piece of acreage that we just couldn't pass up. Unfortunately it is zoned for only a manufactured home, so we can't have a stick built home at all. I know how lucky we are to have found a beautiful place to start and raise a family but we had always envisioned ourselves in a regular stick built home, and since my husband is a contractor he could have done a lot of the work himself which had always been our plan. But I was truly amazed at how nice manufactured homes are now. When we were looking at the models once I was inside they seemed just as nice as my parents home which they just bought brand new about two years ago. And like she said in the video we will be able to get a much larger home for way less. So it helps to look on the bright side. And my husband is already thinking up ideas to customize the home inside and out once we are settled in. Maybe someday the zoning will change but I'm thankful we could at least put a home at all on the land.
A home is a home & ownership is a good step forward. Be proud of ownership! No shared walls, you decorate & paint it your way, you have some outdoor space and a community.
@Sweet Twisted Joy I have 3 kids and plan in buying a 3 bedroom mobile home but I plan to buy the land so I do not have to pay rent forever. I would buy the land and install the premade mobile home for under 200000 in southern California. That is a true bargain that I do not plan to let go.
My wife and I just bought a manufactured home in a park 1 month ago and we love our home.
Great news
Hello David congratulations. Me and husband is looking for house to buy but where we live houses are too expensive and we don't want to stuck for mortgage whole our life. Can I ask you some questions which manufacture company you purchased from? Did you guys go with financing if than which bank? And how much they ask you to do downpayment?
where did you buy it from? for how much omg. please help a girl out
Dont buy M/H in parks nor in any community with HOA fees. The park's land will never be yours and the fees in both are like diamonds - forever. Also dont buy too high. Think about your spouse and mortgage. If your spouse leaves you, a low M/H mortgage is very affordable. Buy away from tornado or hurricane areas (35 miles away off shore is good) . I bought a double wide back in 1999, measuring 62' x 28' = 1,736 square feet. The frame is built with 2x4s, and is anchored to the ground with steel straps. Have 3beds 2 baths, family and living room, large kitchen (size 20'x14'), appliances, water heater and A/C included all for $48K. Recently put new shingles, replaced few boards and insurance paid about 90% due to wind damage. I have 1.2 acre, lot included septic tank, drainage bed and well pump with water-tank for $20K. I hired an electrician to install an electric pole to bring cables near to house and lay electricity to septic pump and A/C for about $4K. Property is now paid off. I'm saving county sewage and water expenses, yearly property taxes less than $600, just 1% of county taxable value. I hire pump service to clean septic tank every 10 or 12 years due to no more than 3 people in house. I would buy a new M/H, if this one ever is destroyed - those that are now built with 2x6s walls and roof deck (the panels on your roof, plus the framing holding them) are stronger. Mine still in great condition and now that the area is booming, wouldn't sale. I drove about 1-hr to work, back and forth. Retired now. Recommend driving to work, buying away from big city where crime may get high and tough and an area prone to increase in value and where property taxes are very low going forward. After 10 years I now have a Super Walmart, Home Depot, Lowes, Walgreens, CVS, a Hospital, a Highway, lots of fast foods, expanded roads to everywhere I need to go, etc. Hope this helps.
I own land out in the country, and I'm considering one. The houses here are very expensive and very unattractive inside even needing fixing. So I'm considering a double wide.
How much is buying land when trying to buy a mobile home
I am a manufactured home owner and am very pro manufactured homes. For me, I prefer not being in a mobile home park. I am thankful and grateful to have a 2/3 acre piece of property I own outright which my manufactured home sits upon. My property taxes are significantly lower than the stick-built homes in my neighborhood, but I agree with you that there is a stigma attached to mobile home living. I don't care because my retirement funds go so much further than they would've if I'd stayed in my stick-built home and I just feel it was a common sense move for me to make.
You said you have a piece of land. What state are you located in? And How much did your land and mobile home set up cost you? And did you pay set up fees out of pocket or is it included in your loan?
@@Boogie1197 Hi Quinton. You have asked some excellent questions. I am in WA state and the entire cost for the land and mobile home was $135K in 2017. I could've got a mobile home on more land for less than 100K if I'd been willing to settle for an area that is still nice, but not as exclusive as the one I chose as I wanted beach access. The mobile home was already set up on the parcel of land I chose. I am unable to answer your question about the setup fees being included in a loan because I paid cash for this property with the mobile home already on it from the sale of a stick-built home I owned previously.
What company did you go with to purchase your manufactured home?
@@angeljosephs30 Hi Angela, the manufacturer of my mobile home is Bendix Corp out of Mcminnville, OR. My understanding is that they haven't been in business since the 1980's, which is a shame as I feel my home is well built.
Hello DeerHaven me and my husband planning to buy mobile home, where we live house are too expensive to buy. My just concern is should we park our mobile home in park or buy land and stay there? And if I buy land how we workout with water, bathroom plumbing, electricity?
The positives of a mobil home is the speed at which it can be
brought to the site and set up and ready to live in. Also
you can get more floor space per dollar then with most conventional homes.
The bad is that even today, most mobil homes are NOT built as well as most site built
homes. 24" on center inner wall studs and thinner sheetrock are a couple
common things with mobil homes. Also, they tend to use lower quality things
like flooring and plumbing fixtures. I paid an extra $10,000 to get upgraded
windows, insulation and doors as well as a few other things. Makes a HUGE
difference on my utility bills. Where my friend who owns a similar sized home
without the insulation and window package needs a 5 ton AC to barely keep it comfortable, I
have a 3.5 ton unit and it runs for a while then shuts off for a while as opposed
to running non stop like my friend's home, which is actually a couple years newer then mine.
As for taxes, yep. Even on your own lot and with the home considered
being combined with the land on the deed, the taxes
are still a good deal lower. In Florida this means the mobil home no longer has
a title, but is part of the lot it is now on and the deed and such shows the lot as a lot with
a house on it and you are taxes as regular real estate but at a much lower rate.
As for where you put it. I would NEVER EVER buy a home and have it put in
a park where you do not own the land it sits on. It would be better to just
buy a lot in some subdivision that allows manufactured homes and
be done with it.
I had to refinance my home because the original loan was a simple
interest loan from a crooked bank and I was able to get a real nice 3% loan
from a credit union because they had the home incorporated with the lot and
it was financed as a real property as opposed to personal property like a car.
This made a huge difference. My payments went up $22.00 but the pay off time went down
by 12 years. So the interest I would have owed would have been close to $50,000
on the old loan
where as with the refinance, the total interest payments are around $12,000
for the whole loan. If I had this home in a park and did not own the land the
refinance would never have happened.
Oh, the mobil home's original loan with that 'loan shark' bank was at 7.99%.
Now it is 3%. BIG difference....
Thank you, appreciate your insights. I just bought into a park in eastern Ontario, Canada meant for seniors and we too were vetted before getting a site. We’re downsizing from a house. I can tell you in our area mobile homes are very popular and we were delighted to get into this well managed site. There is a problem: manufactured housing is so popular now that we can’t get one for another six months! I’m not worried about any stigma either, mobile/manufactured housing is the way to go for many more people these days.
YOU ARE AWESOME!
I believe everything happens for a reason, and that was how I found this video. I also live in California and want to stay in our area instead of moving 50-70 miles away to what we can afford. My Mom is looking into purchasing a mobile and I was intrigued after she showed me her listings. I am seriously so interested in mobile homes now and hopefully we can get one too. Thank God for those stigmas in the end tho right?
Thanks for this video it was so informative as I too am doing the research.
All the sites keep raising lot rents yearly, making them no longer affordable because there is no end in site..
I live in Portland, OR. If we want to afford to buy before 30 and be able to pay it off before 40, modular homes are the best option for sure.
Great information! Can you post a furnished house tour? I would love to see how you ended up decorating everything :)
Bubbles 328 I am actually in the process of changing some things around and am documenting. I’ll post soon when all finished!
There are places in California where manufactured housing in a mobile park appreciate in value. Park living can be a great option, depending on your circumstances. In Texas, parks tend to be extremely pricey for the nice ones, or extremely run down for the affordable ones. Lot rent has to be factored in. You can get more home for your money if you already own the land it’s going on, but that usually means rural living. That’s the route I am going to take.
I am looking into buying a manufactured home. Thank you for this pertinent information!
I have 1acre of land looking at this option of putting an high end double wide on it. To do a new stick build home that is small would be looking at 220 to 240k in PA plus a new stick build would be high taxes. Just do not want all that debt.
josh y good luck in your journey!
My in-laws had a double wide in Nevada City, CA. that they built onto. They lived on a hill so they added on below and above, turning it into a 2 story w/a basement.
For my boyfriend's mobile home, a big con was that his family had to change how their mobile home looked like on the outside on really short notice. By changing the outside I don't mean the lawn I mean they had to remodel the whole exterior within three months time or be evicted. They managed to do it but it cost them a LOT. Do your research and ask lots of questions before settling on a park
what does change how it looked on the outside mean? the only thing I can think of is that it had no upkeep, and now the skirting needed to be fixed, maybe it was never tied down and now requires tie downs? DIY decks needed to be changed to actually structurally safe? or it had the "trailer park" image and not a "mobile home" image. Or it was none of those things and that is something I would like to know if it could happen to me.
@@gginnj usually if you are buying a pre-owned home located in a park, you are going to know all that up front before you sign the papers. You will go to the park office to get accepted before the sale is finalized. The park will tell you their expectations before approval.
I'll have to agree, there was probably some upkeep issues the park expected. If the park doesn't point this out in the contract, it behooves you to read each section. Most parks won't skip over it because they want you to do the upkeep. It makes the park more desirable to live in. The park could also limit the number of people that can occupy the home or how many visitors you may be able to have.
Another pro I would say is that mobile homes credit score requirements are usually lower than apartments and condos.
I've done a manufactured home on land and love it.
Very informative my wife and I are in the process of buying a manufactured home and so far we find that it is very true concerning financing and Community Park locations we find theseto be our greatest challenge but we are determined to continue in our quest to see this thru because we appreciate the advantages of manufactured home living thanks for your encouraging words.
I keep contemplating either getting a condo or a mobile home in the future but after watching your video I think a mobile home fits me better. I'm single not married but Im still in college. Im thinking in the next couple years after I graduate and I start working I might get a mobile home. I like that they are seperate unlike with a condo or apartment you might hear the neighbours through the walls. Also I heard that many condos you can't have pets or grow a garden and I have a pet rabbit so I would need a place that allows pets.
Thank you so much for the personal experience information and the good breakdown of pros and cons of mobile home living. It eases the stress of thinking of even considering a Mobile home. Thank you again for making this video.
Billy Boy thank you for the kind comment!
@@angeliquepurdy4256 Well you never mentioned the rising lot rents , that is a huge CON!!!
I am so happy we finally have a home of our own while it is a mobile home we are happier than we’ve ever been we have a big backyard and we do pay the space rent of course but we have the biggest slut on the block and we get to see the donkeys from our backyard it’s peaceful we feel so privileged to finally have our own home take care and I hope everybody else gets a chance to have a home also
So happy I found your video! This is very encouraging, I’d love an update vid! :)
I recommend you all watch "dave Ramsey's view on mobile homes", he is a financial consultant and makes some severely important observations to complement this girl's observations, which I also appreciate, by the way.
Louis Lipp I also follow Dave Ramsey and live debt free aside from our home. We have decided to go this route in order to stay in California and live off of one income while I am a stay at home mother for a short period of time. Totally worth it in our opinion.
@@angeliquepurdy4256 that's fantastic. I know there are always peculiarities that make it worth while, even if it is as simple as "because I like it more" (which would be my personal case, I hope someday to buy an airstream and live in it for a period). I just wanted to present other points of view. I'm glad it's working for you.
@@Lippdinos airstream?
Correction.. its lady.. anyways.
Mr. Ramsey is awesome but some of the things he says, or even opinions, are not very realistic. Don't remember where if you watched one of his videos saying to sell an old broken Honda Pilot for about $5k (if I remember the price correctly) like the resale value of that thing isnt close as to a Tacoma or 4Runner, and adviced the caller to sell a broken vehicle for 5k?? How about go watch Scotty Kilmer on that lol
I love Mr. Ramsey though, he truly cares about peoples problems, just don't agree with some of the things he says.
Yes, I know Dave Ramsey's take on mobile homes. He's not a fan of them. But that being said, I still am thinking about a mobile home. With my income, a regular house is not realistic. Mobile homes are better for lower income people. It's better than renting an apartment. At least when you sell your mobile home you'll get some money back.
Hi, Mobile home parks screen people to try and keep undesirables out. It is definitely not a con, unless your lifestyle is considered a negative. Ie. drug user, criminal history ,child molester, eviction, poor credit, they definitely want to be sure you'll pay your rent on time. etc. I certainly wouldn't want a neighbor like that. I've been living in my mobile home since 2002. Iam in southern California also, its paid off now and I'm Very happy with it, and agree with you about having all the nice amenities. Pool, spa. Etc. You own your own roof and walls, and have value. Apartments give no return on your money should you decide to move. Now you have something to sell .Enjoy your new home!
Steve Franklin Hi Steve! I am very grateful that our park does have such a strict screening process. I am only considering it a con since it is an extra process you wouldn’t need to go through when purchasing other types of property. Thank you for the comment and congratulations on paying off your home!
@@angeliquepurdy4256 I agree . The screening can be tough here in Chicago its tight .. I understand to keep the bad people out but if your little short on income or bad credit your basically screwed .. I think they should lighten that up but the criminal background I do understand that
Steve, could you tell me what the rules are like for pets? I am senior who is facing separation and looking into a MH just so I can keep my pets. I live in MO, and have a small dog, 3 inside cats, and some little pets in cages. Is that considered a problem in a MH for the owners of the property? My credit is good, and I have no criminal record. I am a clean, good, grandma. There would be no other issues, I don't think.
Steve Franklin, Steve, the problem is whatever you paid, you will not get it back. How much is your park rent a month? My sister lives in a trailer park in New Hampshire and it is 55+. It is nice because the homes are not side by side. They go different ways and there are no drug dealers in there, but many of the homes are not in the best shape either. We are trying to talk my sister into going into the elderly. Park rent is $435.00 a month. Wasted money unless you own your own land.
I’m so glad you said California I’m looking in riverside because I can’t afford a stick house
Joey Hunter best of luck to you!
RIP CALIFORNIA. you've been ruined.
I'm also looking in Riverside. Did you end up buying?
Buying a mobile home in a good park is the best way to go. The money you save is the money you don’t have to earn. I got my home brand new, moved into a new park, got a dubbe wide in a dubble wide onely park when the interest rates were low. Very strict rules but that keeps the rif/raf out. I’ve done the math and I’ve saved over $ 200,000 in the 30 years I’ve lived here. I’ve had hard times but I was able to cover all my expenses with unimployment money. While others lost their homes. Those I might add looked down there nose at me for livening in a “trailer park” . How hard do you have to work to earn $200,000.
I’m in Connecticut so the mobile homes park options are few & most if not all of them are notorious for illegal activity & being rundown. However I think with our states insane high cost of living & soul crushing taxing mobile home parks are becoming the only option left for low income individuals or people fresh out of college. There is a park near me selling rundown mobile homes for 1k each & I’m seeing investors buying, renovating & selling them for around 25-30k. Hopefully the new people moving in are able to turn it around & make it a safe place to live.
Jameson Jones hopefully! We are seeing lots of flips here as well or complete pull outs and replacements. The neighborhood is slowly getting younger and younger. Things are changing for sure.
Jameson Jones, The problem with parks is the park rent. Not worth the park rent, and they don't hold any value. The older models are poorly insulated and heat in the winter time is just wasted, not to mention you freeze your nuts off.
I bought a 1979 mobile home a few years ago for $10,500 cash. If I had it to do over again I would buy a newer model. The newer ones are built better. I knew nothing about mobile homes. I did not realize that the leaks in my outer doors were actually roof leaks which were rotting my insulation throughout. My electric bills, as a result, are astronomical in summer. I would have had a fence put in years ago, because a new owner bought our park and forbids new fences, but does not require that old cyclone fencing be taken down. Another drawback is that I pay nearly twice as much lot rent now as I did eight years ago. I’m on a fixed retirement income, so there is a lot of difference between $160 monthly and $287 monthly. That makes contemplating the future a bit scary for a 70 yo lady. New owners mean new rules - tighter restrictions, new fines, etc. our new owners forbid sports of all types from badminton to basketball. Neighborhood kids are no longer allowed to sell Girl Scout cookies or school fundraising items here. What would seem outwardly like a great place to raise kids - very little and very slow traffic on the street - might be a bit restrictive for kids.
Nancy Clay thanks for sharing your experience. Our neighborhood is actually a great place for kids. We are seeing more and more families with children move in. We also have an HOA which has been great in working with Park management on behalf of the owners.
This makes me work even harder I'm ready to raise some hogs on my own land
Thanks for this video. Your testimony is my confirmation that a MobileHome will be my next home of choice!! When buying, is there any specific builder or brand you should steerl from?
Thank you for this video. Your voice is soothing and calming I appreciate that plus you explain this information super clear. Would iit be possible to buy this option and rent it out?
Salim thank you! In some areas/parks that is an option. It’s not allowed in our park.
Looks like better choice than an apartment - much cheaper to rent and bigger inside, and you can resell it later.
So how do you like it now 1 year later? My husband and I are considering buying a new mobile home. I’d much rather live in a simple affordable home and the new designs are so nice! My dad also has lived in a used mobile home for 10 years and is happy with it.
Dee Dee we are still happy in our home. We are especially thankful in these uncertain times that we have kept our monthly expenses low.
What if the land rent was increased to some ridiculous amount? You'd have to pay thousands of dollars to move your mobile home and the home could get damaged in the move. Right?
There are corporations buying up family owned parks to raise the rents and buy up the houses when tennants can't afford to move.
Thank you very much for all the information. Looking into buying my first mobile home for me and my son.
Got any advice for any recent college graduates who want to live in a mobile home?
Gera WallStar Hi Gera! My best advice was to make sure you have great credit! Focus on building up and maintaining a high score while you are saving up for a down payment. I filmed a video a few years ago on how to start saving. I plan on doing another one sharing our financial journey. The key is making a budget and sticking to it. You’ve got to be disciplined.
Hello Angelique! Thank you for your video, I am curious about so much more. What area in California did you buy if you don’t mind sharing? I am looking into so cal maybe Huntington Beach. What tips do you have for doing research on buying?
Giselle O. Hi Giselle! I’m not comfortable sharing what area we live in. I’m going to make a video sharing my tips for research and buying a mobile home!
Buting your home is amazing! What websiyes did u use for research in the los angeles area?
I just started doing research for mobile homes. Any tips or knowledge is super appreciated.
My question is: How much is everyone's rental space fee? Or what is appropriate?
In my area it's $940. I find that too high. But its secluded and somewhat small.
Down the street another park is $800.
Thank you for sharing this information.
Hi 🙂, How long did it take for your home to be ready after you ordered it? I've read reviews of people saying they were told about 4 months and it turned into almost a year. I know each company is different but I was just wondering basically how smooth the process was after you actually purchased it or if there were any issues that could possibly arise. For example, was it put together well or have you had to get anything fixed? Also do they come with any warranties? Thank you!
Stephie C hello! We bought a previous lived in home that was already on the rental space. Unfortunately, I don’t have experience buying a brand new mobile home.
I have been considering getting a mobile home but have concerns about plumbing and such. Are there structural issues I should be worried about?
You look young now my question is the neighbors what are the ages of the neighbors? and do they live their 12 months of the year? only because snow birds tend to live there say November till April and leave then they rent the house out the rest of the year in other words does all people there own their homes? which is great cause owners tend to be friendly, respectful, and they don’t trash the place well most seem to do I think I covered my question thanks
Did you buy a new mobile home or that already in place?
I own s mobile home that I bought in 2011. It’s located in a park, which is thankfully a really nice park; in fact, it’s considered to be the nicest m/h park in our area, and there is a waiting list of people that want to live here. Since the homes must be owner occupied, it is extremely easy to sell your home. I was extremely fortunate when I bought my home because the owner had passed away and her family were more than anxious to sell it and be done with dealing with it. At that time I had just basically retired, even though I was 53, and I didn’t want a stick built home or any land that I would need to maintain, so living in a park was just right for me. And since I own my home outright, I have no mortgage payment; I pay my lot rent which includes water, sewer and garbage, so $290/month is pretty cheap living! The park owner is a great guy and keeps the rent as low as he can since this is a 55 & over park, and most of the tenants are on Social Security or some other type of a fixed income. So, the point to all this is that buying a mobile home really depends on where you’re at in your life. I am at a point where I wanted the security of owning a home that was all mine, and where I didn’t have a mortgage. I like living here in this beautiful park, and like the security of neighbors who look out for each other (which is sometimes considered nosey!! Lol). Since homes in this park are in such high demand, every improvement I make only increases the value of my home. Which is obviously true for any home, but hopefully you get my point! Another thing to keep in mind about buying a mobile is that the materials used are often lesser quality (at least for the older ones like mine). Since my home is a 1981, I am dealing with a basically 40 year old house, and some things were wearing out. I had a few pipe leaks & breaks the first couple years, and finally had hire a plumber to come in and replace all the water lines. It was expensive, but I had to do it. When you own a mobile home, water is not your friend!! If I could give mobile home owners only one piece of advice, it would be to HAVE INSURANCE. The ONE water pipe that did not get replaced was the one (actually 2) that runs up to the cold water handle in the bathtub. It leaked undetected for a long time and finally cracked bad enough that I had a major leak that resulted in replacing the flooring in my bathroom, dining room and kitchen. Thank God I have insurance or I don’t know what I would have done! So.....all this to say, depending on where you are in your life, a mobile home can be a wonderful option. I love my home, and I love making improvements to it! I am perfectly content to be here and that this is my forever home.
Wendy Mathews, You are lucky to only be paying $290.00 a month. Most place are triple that. You also have no mortgage which is a plus. Many people say don't invest to much money into a mobile home because you won't get it back.
Since you live in a park will you just leave the house there if you move? How does that work if you are renting
Paige Brown we could technically take the home with us if we wanted or needed to. We own it. We are on a lease with the land owners so if for some reason at the end of our lease term we wanted to take our home and go, we would have every right to do that.
The purchase of our home was contingent on us passing the park management screening and allowing us to reside there but the park has no rights to our home. Only the land that our home currently sits on.
If you ever do move you can always Air BNB the place or rent it out plenty of people would rent it from you if need be
There is a difference btwn a personal property an a real estate
I had a mobile home that was in a park.
Then I bought land and put the mobile home on the land both on a garage and an additional room onto the mobile Home.. I now live in a brick house that I have gotten paid for I bought my house for $62000 is now worth $234000.
The only way the mobile home made money.
What's the land one up but the mobile home the dot? Let me know in 5 years Hey your home looks then they will start falling apart.
They are not made with the best material but like you froze it with something better than freezing in the house that we were in is survivors for the time being.
But I'm glad we have our sticks and bricks and it's paid for enjoy your mobile living.
I hope you are doing well! Great video!
Have you ever thought about buying another mobile home and attaching it to your current mobile home to make a bigger house?
Smart thinking 💭
I had a ton of question did not know to leave or email .. I am in Southern Cali and been thinking of going this way of a mobile home. But I have heard horror stories about the Parks raise the HOA to a level where you have to just pack up and leave the home there and go . Or you get a price for the HOA and its only good for 5 years or so. Happened to someone I know but he was able to sell the home and have it moved away in time which kind of Shocked the property owner. Plus the lots are own by more than one owner so things can change .. I just want a forever cheap home for Myself and Los Angeles is too high. Maybe even thinking would have to leave CA .. dont know .. any advice would be great ..thanks
Hello, I have a question. Is space rent very high. Is space rent very high.? My real estate agent told me that space rent is about $1,200 plus the mobile home mortgage. So basically it would be equal to buying a house.
True…
Condo is a no-go! Unless people want to deal with the condo association who will tell you what do you can paint your house how you need to keep your yard whether or not you can have a garden and on and on and on yeah. I am 56 years old disabled and about to sell my family stick-built home that I grew up in. It has an upstairs which would never be used and I just can't maintain an 8 room house with a gigantic half acre backyard big side yards and a good-sized front yard. My modular home mobile home isn't really used anymore. The home that I purchase will be the last place I will live and it will also give me the money to travel again. I have lived in eight countries on all but two continents north pole and the South Pole the Arctic and Antarctica. I want to travel back to some of those places and if I kept the stick-built home or purchase another stick-built home I wouldn't be able to do that. Once the tongue and hitch are removed from a quote mobile home it is then no longer personal property but it is real estate. Mobile homes can be safer and more well-built than a stick-built house. Because it is smaller they can put more into the building of it. The one thing I recommend is if that what you are looking at is new and has 24in joists under the floors I would pay the money and have them done at 16 and then the floor will never sag. I will purchase without a mortgage or loan and the taxes lot rent and utilities would come to approximately $500 per month.
I live in a Mobile Home , and is purchasing my home, only thing I don't like is the Lot# Fee,, they charge just as much as my mortgage payment on my mobile home so now I need to be shopping for my own personal land just 1/2 acre would do just fine,,,,, I am in Fort Worth Texas do anyone know of anybody selling land....
Angelique, I enjoyed your video and it actually made me cry with hope. I am a 64 year old grandma, facing a probable legal separation. I have been married since I was 19, never lived alone, and I am frightened. I live in MO and will get half of his retirement money and pension. I would have to keep expenses low. I am on disability, and I am not sure I can work, because of an injury and pain, but I am willing to try. Since I have pets, I was thinking about a mobile home; I doubt an apartment would let me in. I have rescued these animals and will not give them up. I have a very small dog, 3 indoor cats, a ferret, and 4 guinea pigs. The ferret and pigs are in cages, of course. I think I would buy the home outright, so I would only have pad rental. Are there strict rules on the pets you can bring into a park? I do not care about the stigma, or amenities such as a pool. I have 4 grown children that have amenities I can enjoy. I keep a clean house and would like to live in a nice park where I feel safe, and I am sure the prices are cheaper here in MO than in Calif. I need a bit of space, for my sewing and crafting, but I do not need a big space. My main concern is keeping my dear pets. Can you shed any light on this for me? I thank you so much for your video. You are lovely, and your home, behind you, looks lovely. Any advice is appreciated.
The park where I live allows 1 smallish dog. Cats weren't on the lease, but we have one inside/outside cat and a small dog. Some of the parks here doesn't mention animals and people have dogs of all sizes. The ferrets and pigs doesn't matter since they are inside all the time, but I would ask to be on the safe side.
petmom ful each park is going to have its own rules/regulations. I know our park allows dogs and cats with weight limits. I can’t imagine indoor pets that no one would ever see or know about being a problem. But again, each park/management company will have their own policies.
Best of luck to you!
@@angeliquepurdy4256 Thank you so much.
What about contractors building a mobile home on land
They don't, that's an advantage.
@@debidee5548 oh okay thanks for the reply
I’m looking into mobile homes, and am so looking for numbers! How much are rental fees? I can’t seem to find a round about for that! I do know that mobile homes are much cheaper than stick built homes, so I know the loan would be much cheaper than a regular mortgage, but I don’t know about how much the rental fees to put your home on, would be! Would your monthly rental and the trailer payment round out to be the same cost of a mortgage and property tax?
Meli Ssa it all depends on where you live! It’s impossible to give numbers that are going to apply to each and every area. You need to run your own numbers based on the information that you find. I did this by looking at a lot of listings in the area and specifically looking at the rental space fees. Mortgagecalculator.org is a great resource in order to get an estimate on how much a mortgage would be based on home price, down payment, and interest rate. From there, you can add on a rental fee, depending on an average that you see in your area. Hope that helps!
I see that this video is 5 years old now. Can you give us an update on your experience? Thanks!!!
only tip i can say is buy a mobile home with drywall...... and a real roof, my home cost 70k single wide
I know this is a stupid question but what do you do if the air conditioning breaks? I knew someone who owned a mobile home and their AC broke and they couldn’t afford to fix it so they had to move out.
Kim Unstoppable we actually don’t have an A/C. Most places, including schools and other types of homes do not have air conditioners either. We do have an emergency fund though, and are financially able to take care of issues like that that may arise.
Hi Angelique, I can't believe all I can find on TY. The idea of considering buying a MH just came to my mind n when I noticed how inexpensive it was compare to renting I really got excited. Can I ask u where in Calif do u live in. I live in Souther Calif. in Glendora. Also would you kindly do another tour of how ur place looks now? Thank you for all the info, may God bless you.
Guadalupe Lopez hi Guadalupe! I live in Southern California as well but I’m not comfortable sharing exactly which city on such a public platform. In the future, I will be giving another tour now that we are living here and all settled! Thanks for the request!
@@angeliquepurdy4256 Thank you. I've been looking for MH family parks here but no luck finding ones, they're mainly for seniors. 🙄 I really like my neighborhood n would want to go too far, since I work close by. I'll be looking out for ur tours, thanks again. 😊
@@glopez4919
Have you found anything me and my family looking for a 2 bedroom.
@@smeraldasanchez2218 Hi Esmeralda, the ones close to me are senior parks. 😕
Good info! Thanks!
Does your park have rental units? We are looking at places similar to yours in”desirable areas” for retirement so may not want to buy another home all over again.
R S our park does not have rental units. Some do though!
So, for example, if you pay a property fee and a fee for the mobile home it ends up being the same as a house anyway? Just curious. I'm 24 and ready to buy a house and I'm looking into either or. Lol
juan Ramires it all depends on where you are looking to buy and the cost of living there. Just do your research and number crunching. For us, it is cheaper to pay our mortgage and land rental than it is to even rent a place of this size.
Unless you own the land I don’t think a mobile home is a good deal. You pay more on land rental than property tax.
But for a regular house you would pay way higher mortgage + HOA+ master association fees and clubhouse fee if a club is there.
So bottom line is, and this is what is discussed here, the cost of a mobile home versus a stick built home. Mobile is waaaaaay cheaper
I didnt know, at least in NY, you can't just buy land and throw a mobile home on it.
I understand it has to do with acceptable zoning?
The idea of paying a high rental space fee really deters me from getting one.
Its almost as much as rent in my area
housing tax for traditional home alone costs about the same was the monthly rent fees on a mobile home.
How much is the rent fee for the space can you give n example with numbers that would help a lot Thanks.
no not always. we live in a 1275sq ft home with 7k in taxes - we are buying a mobile home with about 1250sq ft with 600/month lot fee x 12 = 7,200 which includes sewer and water - which in our current home is about 1500.00 so the 7,200 would be equiv 5,700 - granted we dont own the land still so there is that - but for us - it was cheaper than our current real estate taxes. (yes, we live in a county with HIGH real estate taxes - but they also offer many services if you need to take advantage of them)
Planning to sell my L.A., CA home to a developer. Looking to buy another home, & recently discovered beautiful “mobile homes” in Orange County, near the ocean. Affordable but nearly $3,000 per/mo land lease fees, which is out of the question. Is it possible to buy the land as well?
Debbie M if it is park owned, likely no. I have heard of home owners coming together and collectively buying the land. Another option is buying your own property and putting a mobile home on it.
Thanks so much for responding, Angelique. Are you concerned about your home depreciating, which I’ve heard is their tendency, in comparison to a traditional house increasing in value over time?
Debbie M Honestly, no. We are in a very desirable area. The mobile home prices reflect the market at the time.
Interesting. Thanks, again.
My wife and I are in a similar situation as yourself. We want to stay in a nice area but can't afford to buy or rent a house and we're kind of tired of apartments. I just wanted to know how the renting situation works for the space of the home?
Sunday Funday it’s a pretty standard renting situation. We signed a lease with the property management company and pay them every month. Let me know if there is anything you’d like to know specifically!
Pretty straight forward process. Much like renting an apartment. They can have specific rules, so you need to pay attention to those.
Do you get a lot of bugs/pests in your home?
Raquel Torres not anymore than we did in our previous apartment or even other houses that we have rented.
what are the taxes a year in Cali for mobile homes?
Four to seven thousand dollars depending on location, commercial property, etc.
Who did you choose to get your loan from? What rate did they give you?
Double jaw surgery The rates are constantly changing. Best to get in touch with a local bank that does mobile homes.
Yes I do. But I wouldn't have said anything if it wasn't for this 98.6 degree cabin fever. Nice video. Shelter in place and stay healthy.
Cons the amount of air leakage is insane. There isn’t even a blower door test required. If you live in mobile home just know your energy consumption will be very high. We used to spend 400 in electric a month so that plus the home and park cost more per month than my site built home. I will never go back to giving 400-500 a month to the electric company
Is it possible to have a mobile home on my parents property?(house already but mobile home would be placed way back)
Mobile homes are a great option. But not if you think its going to go up in price . No equity. You most likely won't get much out of selling so along as you plan on keeping its great. Thats why I'm buying one. 300k In sanjose ca. Ya I know. Damm silicon valley
How much is the rental space fee?
Did you buy a new or previously owned mobile home?
Irene Aguilar previously owned.
One year later do you still love it as much as when you first got it? Can u tell if the space rent has gone up for you and are utility bills are reasonable? I’m in the process of buying one myself but haven’t been able to find any info on that.. I love your home it looked almost brand new! Thanks for the reply
Irene Aguilar we are still happy with our decision! Especially right now with all of the uncertainty. We are not spread too thin financially.
Hello I have a question well a few. My husband and I are wanting to buy a mobile home. I ask a real estate agent what I might need, she advising me that I might need 30% in cash down to start???
Maria Jacobo what I have learned through my research is that for a mobile home 20% is standard. If you are looking to finance an older mobile home then a larger deposit may be required from your lender. I have heard the number 30% for older mobile homes.
@@angeliquepurdy4256 okay thank you 💙 is there any additional advise or website you suggest where I can get more information on.
@@angeliquepurdy4256 how long was the process take ??
Maria Jacobo I want to make more videos. Let me know what other type of info you are interested in.
The process took as long as buying a regular home.
I'm glad I found you! We have been married 39 years, about 35 of them living in mobile homes. We have lived in a stick built, but we didn't care for living in it.
Charlii C good to know. Thanks for sharing
Could you say why? I am thinking of getting a mobile home and selling my stick home, and I am very interested in why you prefer a mobile home. Thanks!
@@petmomful2260 Hmm, I guess because it is cheaper to live. We have bought 3 used mobile homes for cash, so no loan. Our first was on my dads land, so no monthly lot rent. The other 2 have been in nice mobile home parks with cheap lot rent which includes (in our area) water, sewer and trash. We pay electric which is lower than stick built since you aren't heating and cooling large unused spaces and cable. We have always been in single wides and don't think I would like a double wide. Its faster to clean and you don't have a lot of excess knick knacks and decor. You can make a mobile home look and feel like a stick built. The park we are in now is a small 13 unit park with some very strict living rules, but if you are normal good people, they aren't strict if you know what I mean. If anyone causes problems, they are out in a hurry. Mobile homes go hurling down a highway at 70-80 mph for extended periods, so they are pretty solid. If you don't require huge rooms and lots of them, a mobile works great.
what is the name of your mobile home park when you made this video?
Did you guys brand new?
Are they 30 year loans like regular houses?
Pammie Sue our original loan was 25 years. We are refinancing to a 20 yr which will save us a bunch of money in the long run. I’m sure it depends on which lender you go with and what they have to offer. Shop around
Hi, if you owned a piece of land,would you live in a mobile home or would you rather build a traditional house? I live in Europe. In my country there are no trailer/mobile home parks. I don't have to rent land, and building a house would cost me 50k-100k. And a mobile house (there are only single wide ones available in my country) costs about 20k.(like the highest price we have here)
Anyway, I want to buy an old and used one, fix it up and make it winterproof. (our winters are 18-23F) What do you think? Is it a stupid idea, or could it work? I have no family, live with my parents at the moment(used to live with my ex). Want to move out asap (I'm 29).
Just remember if you buy land every year the property taxes can be crazy … good luck ! Hope everything works out for you
Rugi Malina I think buying a mobile home is a great idea for you! In time, maybe you will have enough money to build the home of your dreams. You could do some really cool things when fixing up an old mobile home to your liking! Good luck!
Rugi Malina, It depends on where your land is. If you own land somewhere does not mean you can buy a mobile home and place it on the land. The land has to be zoned for mobile homes, and some people who own stick built homes would die if you put a mobile home on land where regular homes are. Good luck with that fight.
i own a double wide and in a poor area for resale. not possible to get my oney back out of it
Watch last week tonight on mobile homes
You do know that's a comedy show and he isn't being as truthful regarding his subject matter, right?
I love your video... the only thing is I wanted you to crunch some numbers and give us viewers a real life month to month expense. So I can know what to look for when I buy a mobile home. I still liked your vid!
Victor Rodriguez thanks for the feedback! I am considering doing a video on number crunching since I’ve gotten so many questions about it.
Angelique Purdy yay 😁 let me know the link when you do
Hi how much is your electricity bill sorry
She talks about everything but the most important stuff.. How much was the mobile home? How big is it? How much land fee you pay monthly? We need to know the numbers
If I buy a mobile home do I have to pay a monthly mortgage and renting the lot monthly so 2 separate bills?
Lavette Davis unless you own the land, then yes. We have two monthly bills that we pay. One is a mortgage and the other is rental space fee.
I am about to be 18 and I'm planning on moving out then I do have about 30k would it be better to rent and apartment or buy a mobile home?
It really depends on where you want to live. I live on Long Island NY where rent is CRAZY & buying/renting a house for a young person is also crazy!
Hate to tell you but most mobile home parks/villages don’t allow renters here
I bought a 1970’s single wide for $35,000. I have a small yard (which was a must for me)
As I am retired, I have the time to do repairs-which you being young probably don’t have. I probably have skills/ tools that you probably do not have.
Do your research before committing as rent goes up every year. Mine here is $770 lot rental that includes water & garbage & cesspool draining. That is great for NY!!!
I do live in fear as most homes here are older like mine & I’ve heard true stories of mobile home parks being shut down by municipalities that claim the land due to intermittent domain causing these MH owners to leave.
If your area has a well maintained park & the MH is not too dated I’d say go for it!
If it wasn’t for my MH, I wouldn’t be able to live in NY as well as I do now
Good luck to you!
Thanks much! Can you elaborate on property vs real estate costs? In Ohio we pay 1.67% RE tax and personal property tax for mfg homes is about 5-6% (I think)
You'd have to check with Ohio, county, or city boards to find out what a charge, if any, would be. Some states don't charge a personal property tax for a mobile home when it's in a community. They collect real estate tax and fees from the community that you pay in your lot rent. So, if s fee goes up (such as a levy for schools) your lot rent could increase. However, this isn't true in all states.
This girl is hella!!! Gorgeous!! Lol but thank you for the vid it really helped me out
Jose Alejandrez glad you found it helpful!
I live in California as well and moving into one of these manufactured homes do they allow you to bring storage pods in to unload your items or do they have strict rules about that
pdubstuff each mobile home park is going to have its own rules
Do you know if you still pay lot rent and property tax after the mortgage is paid off
brian Matthews yes we will still pay lot rent and taxes after the mortgage is paid off.
Angelique Purdy thank you
There is nothing wrong with a mobile home if you want one go for it they are nice if you take care of it.i like them.
I am also living in California with my SO and our two year old. looking to buy a mobile home we are located in Montclair and I would like to stay here or near Rancho any other advice you can give will be greatly appreciated
GigiUno hi! Feel free to ask any specific questions! I will be making more videos but am open to suggestions.
I'm not sure if your still looking , but Lamplighter on 4th street in Ontario have plenty of homes . I will be touring with them soon.
Very informative and helpful. Thank you!
Rock Hetcher glad you found it helpful!